Posts Tagged ‘loans’

Opinion polls indicate a big win for the Pro-Treaty Forces and they may, for all I know, be right. Still, contemplate the image above. Two-and-a-half years ago, in the run-up to the second Lisbon refe...
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I'm not sure people have grasped the magnitude of what has just happened. The European Central Bank firehosed €489,190,000,000 at the eurozone banking system. Five-hundred-and-twenty-three banks sn...
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We island people, says Nicolas Sarkozy, can't understand the subtleties of European integration. He's right. I am blogging from the most isolated part of my constituency, the Isle of Wight. (Isolated,...
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It is wrong to put temptation in the path of any nation, For fear they should succumb and go astray, So when you are requested to pay up or be molested, You will find it better policy to say: "We neve...
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I've just caught up with this piece in the Irish Times by Professor Morgan Kelly of University College Dublin. It is the best analysis I've read about Ireland's bailout. Read in conjunction with Timo ...
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While Britain was poring over the referendum results, EU finance ministers were meeting in emergency session in Luxembourg. Greece is now openly and aggressively proposing to default. Athens is even s...
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1. We won’t see the money again. It is becoming increasingly clear that Greece will renege on its debts. International loans are always arranged so that the IMF gets its money back first, which mean...
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The Treasury boasts, in its budget statement, that all the government's spending cuts put together will save £6.2 billion. Now we learn (hat-tip, Open Europe) that Britain's liability in the event of...
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Few of us have much conception of what a billion is: our brains, evolved on the savannahs of Pleistocene Africa, are not designed to reckon such numbers. Politicians rely on our confusion and, usually...
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I never thought I'd write this, but I'm starting to feel sorry for bankers. Eighteen months ago, they were being screamed at for having lent money too indiscriminately. Now, they are being excoriated ...
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